AUD/USD Exchange Rate Today, Forecast & News

AUD/USD
Australian Dollar - US Dollar
Open
0.64805-0.00799 (-1.22%)
As of: May 01, 2024 11:26 UTC
Open
0.65604
High
0.65656
Low
0.64661

Stats

Prev. Close

0.65605

Open

0.65604

Day's Range

0.64661 - 0.65656

52 Week Range

0.62704 - 0.70223

YTD Change

-4.87%

1 Year Change

-1.96%

Economic CalendarAll Events

Time zone: GMT

Tuesday, April 30th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
14:00	USD	CB Consumer ConfidenceApr	Medium	97.0	104.0	103.1
20:30	USD	API Crude Oil Stock ChangeApr/26	Medium	4.906M		-3.23M
23:00	AUD	Judo Bank Manufacturing PMI FinalApr	Medium	49.6	49.9	47.3
23:00	AUD	Ai Group Industry IndexApr	Medium	-8.9	-4	-5.3

Wednesday, May 1st 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
12:15	USD	ADP Employment ChangeApr	Medium		175K	184K
12:30	USD	Treasury Refunding Announcement	Medium
13:45	USD	S&P Global Manufacturing PMI FinalApr	Medium		49.9	51.9

AUD/USD

Referred to as a commodity currency, the Aussie has close correlation with commodity prices due to its traditional reliance on the trade of natural resources. Historically, yield differentials delivered strong demand for the Aussie Dollar through carry trades, making the Aussie Dollar a riskier asset. In recent years, record low interest rates has given the upper hand to the Greenback. While a commodity currency, the Aussie Dollar is also a proxy to the Chinese Yuan and sees material political and economic influence from China. The AUD/USD ranks as the 4th most liquid currency pairing, accounting for 6% of total transaction volume.

	Australia		United States
Interest Rate	4.35% Mar 24		5.5% Mar 24
Inflation Rate	3.6% Mar 24		3.5% Mar 24
Credit Ratings	Moody's	S&P	Moody's	S&P
Credit Ratings	AaaStable	AAAStable	AaaNegative	AA+Stable